Renewable Energy Group Announces Completion Of Syntroleum Acquisition

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Explore:  Renewable Energy

On June 3, 2014, Renewable Energy Group, Inc. (REG) announced that its wholly-owned subsidiary, REG Synthetic Fuels, LLC, has closed its acquisition of substantially all of the assets of Syntroleum Corporation. The assets acquired from Syntroleum include a 50 percent ownership interest in Dynamic Fuels, LLC, which owns a 75 million gallon per year nameplate capacity renewable diesel biorefinery located in Geismar, Louisiana. REG has a separate pending agreement with Tyson Foods, Inc. to acquire the remaining interests in Dynamic Fuels. A copy of REG's announcement is available online.

 

Topics:  Renewable Energy

Published In: Energy & Utilities Updates, Environmental Updates, Mergers & Acquisitions Updates

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